'No Reasonable Prospect' Of Dollar Losing 'Reserve' Status, Geithner Says : The Two-Way"China is a huge beneficiary of the system that exists today" and will not want to change the dollar's status, the Treasury secretary says.

As Chinese President Hu Jintao begins a state visit to Washington, among the issues on a lot of minds are the value of the Chinese yuan and whether Hu would like to see the dollar lose its status as the world's reserve currency.

In a conversation today with Treasury Secretary Timothy Geithner, All Things Considered co-host Robert Siegel asked about Hu's statement in The Wall Street Journal that "the current international currency system is the product of the past." Is that a sign that "it's a goal of China to replace the dollar as the currency used in world trade?" Robert asked.

"No, absolutely not and there's no reasonable prospect of that happening," Geithner said, in part because "China is a huge beneficiary of the system that exists today." Here's that part of their conversation: